UBS Wealth Management Americas has launched a newly-created unit known as wealth planning and investment strategies, according to an internal memo at the firm.

Tony Roth, who previously ran the brokerage's private wealth management portfolio advisory group, has been named to lead the new division.

As has been reported here before, UBS Wealth Management Americas, now under the leadership of ex-Merrill Lynch executive Robert McCann, is looking to reverse client outflows and bolster its network of advisors.

Roth will lead 3 groups within the firm: Manager and Fund Due Diligence, Portfolio Advisory Group and Wealth Planning.

The memo was sent via e-mail today to UBS employees by Mike Perry, head of wealth management advice and platforms. Perry said the appointment was made as part of UBS' ongoing efforts to provide financial advisors and clients "with differentiated wealth planning and investment strategy guidance."

Bob McCann, CEO, UBS Wealth Management Americas, confirming the appointment of Roth, saying: "Tony Roth is a valued part of the wealth management team. The expertise that Tony and his team bring to financial advisors and clients is a key part of how this business will define itself."

"In addition, he [Roth] will continue to build out our Private Wealth Investment Office capabilities by leveraging the intellectual capital from our Trust and Estate Consultants, Private Planners and Investment Professionals who are devoted to creating differentiated portfolio, asset allocation, and advanced wealth planning strategies for ultra high net worth clients," said Perry in the memo.